The economy and personal finance are moving targets and that makes conventional wisdom a rear-facing metric. One topic that goes a long way back in conventional thinking is the concept of owning a home. For most people the conventional wisdom we carry around in our heads about homebuying dates back to the 40s and 50s. The average person will only[Read More…]
Post Tagged with: "mortgages"
This Winter put a damper on the economy, which is pretty amazing when you think about it. Even in the absence of epic snowstorms and traffic-snarling ice, winter has never been a good time for the housing market. No one really feels like trudging through snow to look at houses, especially when the kids are in school and everyone is[Read More…]
You’ve probably seen the television commercials. The likes of Alex Trebek, former Senator Fred Thompson, Henry Winkler, and Pat Boone are featured, all telling you with a concerned look — followed by lots of smiles — that reverse mortgages may be right for you. Yes, you, Mr. and Mrs. Retired American. Who wouldn’t believe the Fonz? And surely the man[Read More…]